Marketing a rental property presents some special challenges. Most owners want to offer the house for sale while tenants are still living there so the property will continue to produce income. Real estate agents prefer that the property either be empty or owner-occupied. Tenant‑occupied homes are often difficult to sell because the tenants may be reluctant to have the sale succeed.

When you put a tenant‑occupied house on the market, enlist the cooperation of the tenants. Before listing the property, ask the tenants if they would like to buy the house. If they are not interested, negotiate the ground rules for access to the house. In most cases, the new owners will want the tenants to move, and it may be necessary to work out alternate living arrangements for them. Often sellers either reduce the monthly rent, or forgive the last month's rent in exchange for tenant cooperation in realtor showings. Creating a cooperative spirit is a major contribution to a smooth sale.

About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with the BVO Luxury Group @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!